Overview of Khandeshwar, Navi Mumbai

Where It’s Located and How to Reach It

Khandeshwar is a prominent residential area in Navi Mumbai, famous for its excellent connectivity. It has its own railway station connected to the Harbor Line of the Mumbai suburban railway network, allowing easy access to CST and Wadala. Plus, it will soon enjoy enhanced connectivity with the expansion of the Belapur-Khandeshwar metro route extending to Ulhasnagar and Kalyan.

Facilities and Amenities Around

• Schools and Education: The area features many schools like Western Hills High School, Shankarrao Chavan Vidya English Medium School, and Indo Scots Global School.
• Healthcare: Several hospitals and clinics are nearby, including Yashoda Maternity And General Hospital, New Pulse Hospital, and Criticare Lifeline Hospital.
• Shopping and Essentials: Shoppers have access to daily needs stores and shopping malls like Orion The Mall in Panvel, just 4 kilometers away.
• Fitness and Leisure: Many fitness places such as Physc Gym Kamothe and Infinity Fitness Kamothe are available.

The Real Estate Market

• Prices: The average price for property in Khandeshwar is about ₹8,279 per sq. ft., boosting by 7.53% year-over-year. Prices range from ₹7,359 to ₹10,000 per sq. ft.
• Types of Properties: The place provides mixed 1 BHK, 2 BHK, 3 BHK apartments, and also standalone houses. Typically, 2 BHK units are the most abundant.
• Supply and Demand: Demand for apartments, especially for 1 BHK and 2 BHK, is high, whereas the supply is fairly balanced with many ready-to-occupy properties on offer.

Development Plans

• Builders: Sun Soman and Geomatrix are key developers here. Notable projects include Geomatrix Silvercrest.
• Ongoing and Future Projects: The area is seeing many mid-stage constructions and will welcome more residential and commercial developments following the metro service expansion.

Issues and Worries

• Water Supply: One big problem in Khandeshwar is water scarcity.
• Sewerage: Problems with open drains often cause unpleasant odors in monsoon seasons.

The Good and Bad

Benefits

• Strong Connectivity: Well-connected via trains and an upcoming metro line.
• Affordability: Compared to other areas in Navi Mumbai, property prices here are quite reasonable.
• Infrastructure: Facilities like schools, hospitals, shops, fitness centers are all around.
• Commercial and Residential Zones: Close to industrial zones like Taloja and Kalamboli, and the Central Business District (CBD) of Navi Mumbai.

Drawbacks

• Water Supply Issues: Residents have trouble with water shortages.
• Infrastructure Problems: Open drains and monsoon-related issues are common.

PropertyWala’s Take

Khandeshwar in Navi Mumbai is a promising spot for property investment or rental due to its strong connections, affordability, and nearby amenities. Despite some infrastructure issues, planned infrastructure upgrades, especially the metro extension, are expected to boost the area. It offers a blend of convenience, accessibility, value, making it attractive for both buyers and investors.